Magnesium market trend
On April 21, 2020, the ex factory cash price including tax of magnesium ingots (99.9%, non pickling, simple packaging) in main domestic production areas was lowered. At present, the main quotation range is 13100-13500 yuan / ton, and the actual single negotiation is the main part.
According to the follow-up information of the business agency, the ex factory spot exchange including tax in fugu area is 13100-13200 yuan / ton; the spot exchange in Taiyuan area is 13200-13400 yuan / ton; the spot exchange in Wenxi area is 13300-13500 yuan / ton; the spot exchange in Ningxia area is 13150-13200 yuan / ton.
| Polyglutamic acid |
According to the data of business agency, the average price of domestic market on the 21st was 13133.33 yuan / ton, which was 14166.67 yuan / ton compared with the market price at the beginning of the year (1.1), a decrease of 7.29%.
The price of magnesium ingot continues to move down. At present, the price has reached a low level in nearly 4 years, as shown in the following figure:
The price of magnesium ingots continued to move down. On the one hand, due to the short-term imbalance between supply and demand, the export was severely restricted by the epidemic, and some magnesium enterprises in the main production areas were willing to ship at a high price due to the strong demand for payment collection; on the other hand, the recent general decline of bulk commodities, the lower willingness to receive goods, and the willingness of traders to store goods fell to the freezing point, and the procurement was mainly based on rigid demand, small quantity and multiple batches The market is more cautious. The overall purchase volume of the market is not much, and the trading is relatively light.
| Poly glutamic acid |
At the same time, due to the serious decline in the price of magnesium ingots, it is reported that some magnesium ingot enterprises have plans to reduce production and protect prices. In the near future, the supply of low-cost magnesium ingots has decreased, and the price has begun to stop falling and stabilize, with a slight recovery.
Future forecast
The downstream demand is weak, and the rigid demand procurement is the main demand. It is expected that the magnesium market game will intensify in the near future, and the stable operation in the near future will be the main one. 13000 frontline will obtain strong support, and pay attention to the change of the downstream procurement rhythm in the later stage.
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